Astral demerger ratio is set at 1:1. This means subject to the necessary approvals, Astral shareholders will receive shares of Astral Chemie in proportion to their existing shareholding (in ratio of 1:1).
Astral shares dipped 10% following the announcement of its demerger. The demerger ratio is set at 1:1, entitling existing Astral shareholders to receive an equal proportion of shares in the newly formed Astral Chemie, pending necessary approvals. This move has prompted investor…
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